Exxon Mobil Corp. Coverage Initiated at RBC Capital (XOM)
Research analysts at RBC Capital began coverage on shares of Exxon Mobil Corp. (NYSE:XOM) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $105.00 price target on the stock. RBC Capital’s price target would suggest a potential upside of 10.11% from the stock’s previous close. The analysts noted that the move was a valuation call.
In other Exxon Mobil Corp. news, VP David Rosenthal sold 4,266 shares of the stock on the open market in a transaction dated Monday, December 9th. The stock was sold at an average price of $95.96, for a total transaction of $409,365.36. Following the completion of the transaction, the vice president now directly owns 130,000 shares in the company, valued at approximately $12,474,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.04% on Thursday, hitting $95.32. The stock had a trading volume of 3,931,568 shares. Exxon Mobil Corp. has a 52-week low of $84.70 and a 52-week high of $96.25. The stock has a 50-day moving average of $93.02 and a 200-day moving average of $90.52. The company has a market cap of $416.4 billion and a price-to-earnings ratio of 12.45.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings data on Thursday, October 31st. The company reported $1.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.77 by $0.02. The company had revenue of $112.40 billion for the quarter, compared to the consensus estimate of $107.40 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts expect that Exxon Mobil Corp. will post $7.45 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research note to investors on Thursday. They now have a $99.00 price target on the stock. Separately, analysts at ISI Group upgraded shares of Exxon Mobil Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Finally, analysts at HSBC initiated coverage on shares of Exxon Mobil Corp. in a research note to investors on Friday, December 6th. They set an “underweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $97.69.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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